... between product market competition and voluntary disclosure quantity, suggesting that the compensation promotes hiding information when disclosure incurs higher proprietary costs. Originality/value This paper contributes to the literature in twofolds. First, the findings partially support...

...Luminita Enache; Jae Bum Kim Purpose The purpose of this study is to examine whether chief executive officers’ (CEOs’) stock-based compensation has any relationship with disclosure of high proprietary information. Design/methodology/approach Drawing on agency and proprietary cost theory...